Borradores de Economia
Número:
723
Publicado:
Clasificación JEL:
E32, E37, E44, E51, C53
Palabras clave:
Early Warning Indicator, Credit booms, business cycles, Emerging Markets
Lo más reciente
Fredy Gamboa-Estrada, Freddy Cepeda-López, Javier Iván Miguélez-Márquez
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Fredy Gamboa-Estrada, José Vicente Romero
In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones (2008)’s idea that macroeconomic aggregates other th